Sentences with phrase «pay superannuation»

Where the superannuation fund, in the event of your death, must pay your superannuation benefit to your nominated beneficiary, unless it would be unlawful to do so.

Voice 1: Do you know that all employers must pay you superannuation?

Binding death benefit nomination: Where the super fund, in the event of your death, must pay your superannuation benefit to your nominated beneficiary, unless it would be unlawful to do so.

If you send an Australian employee to work temporarily in the United States, you must continue to pay superannuation guarantee contributions in Australia for them.

If you send an Australian employee to work temporarily in Croatia, you must continue to pay superannuation guarantee contributions in Australia for them.

If you work while visiting Australia on a temporary resident visa, your employer may be required to pay superannuation (super) on your behalf to a super fund.

If you send an Australian employee to work temporarily in Switzerland, you must continue to pay superannuation guarantee contributions in Australia for them.

A further example is where a fund is paying a superannuation income stream to one member and a TRIS to another, and all of the fund's assets are used to support those superannuation income stream benefits.

If you die, your super fund normally pays your superannuation death benefit to one or more of your dependants, such as your husband or wife or partner, your children and people who depend on you financially.

Self - employed people often earn a decent income while working, but without the benefit of employer - paid superannuation contributions, find they have very little money to live on in retirement.

Where this occurs, the superannuation income stream provider is taken not to have been paying a superannuation income stream during the income year and the income stream ceases to be a superannuation income stream.

Not exact matches

Financial Services Minister Kelly O'Dwyer has criticised Labor for wanting to tie more of workers» pay up in superannuation.

«The news that the school has to pay for the increase in teachers» superannuation, paid by DE last year, and the 1 % pay award is a devastating blow.»

You (transferring fund) must provide a statement to the receiving fund and member when you pay a rollover superannuation benefit.

Generally, you must use the RBS when you pay a rollover super benefit to another super fund and you are not already providing all of this information electronically under the Superannuation Data and Payment Standards 2012 (the rollover data standard).

SV just after commutation is the special value, worked out just after the superannuation lump sum is paid, of the superannuation interest that supports the capped defined benefit income stream.

SV just before commutation is the special value, worked out just before the superannuation lump sum is paid, of the superannuation interest that supports the capped defined benefit income stream.

Sometimes, all of a fund's assets are held «solely» to meet liabilities it has to pay, for example, superannuation income stream benefits (including TRISs for the 2016 - 17 income year).

If you have worked and earned super while visiting Australia on a temporary visa, you can apply to have this super paid to you as a departing Australia superannuation payment (DASP) after you leave.

This is on the tax paid on your concessional superannuation contributions up to a cap of $ 500.

You are SuperStream compliant if you use a commercial clearing house or our Small Business Superannuation Clearing House to pay super contributions.

If you're under 55, the exempt amount must be paid into a complying superannuation fund or retirement savings account.

Make sure you know the amount your employer must pay you under the superannuation guarantee.

Calculations are based on the minimum amount of super your employer must pay on your behalf, known as the Superannuation Guarantee Contribution (SGC).

It's a good time to consider any questions you might have about your pay, superannuation and general financial wellbeing.

TAFE teacher Andrew explains the Superannuation Guarantee system, what money goes into your super and who should be paid super.

Salary sacrificing (into super): When you and your employer agree to pay a portion of your pre-tax salary as an additional contribution to your superannuation fund.

This will be binding on the fund trustee as long as the nomination complies with superannuation legislation, and the benefit is paid to somebody who is your dependant under the law, or to your estate.

The minimum amount that your employer must pay into your superannuation fund.

We assume that these % contribution fees are deducted from your contributions as they as paid into superannuation.

A salary sacrifice to super is where you and your employer agree to pay a portion of your pre-tax salary as an additional concessional contribution to your superannuation account.

The effect of the LISTO payment to the individual's account is to offset the tax their superannuation fund pays on their contributions.

Given the low rate of tax paid by superannuation funds, their ability since 2000 to recoup excess franking credits, and the large difference in tax effect between working and pension members, one would assume that super trustees would be among the most tax aware of investment fiduciaries.

In these circumstances, superannuation savings will only be released to make mortgage payments if you do not have the financial capacity to pay and your mortgagee is threatening to repossess or sell your home.

He also saw his employer paid $ 72 into a special fund for his superannuation.

He could see how much he had been paid, how much tax he paid and the amount of superannuation his employer paid into Michael's superannuation fund.

If the company doesn't pay the super on time to a complying fund or retirement savings account, they will have to lodge a superannuation guarantee charge statement and pay the charge to us.

If you haven't met your obligations, you must lodge a superannuation guarantee charge statement by the due date and pay the super guarantee charge to us.

Justin has a superannuation income stream that is in the retirement phase that pays $ 4,000 per month.

LCG 2017/1 Superannuation reform: defined benefit income streams - pensions or annuities paid from non-commutable, life expectancy or market - linked products

ATO ID 2007/219 referred to the situation where the superannuation fund could not calculate the tax paid on amounts in the member's accounts as the fund's records «do not track the effect of fund tax on individual accounts over the membership period».

One of these circumstances is when the superannuation income stream provider fails to pay the minimum amount of superannuation income stream benefits required under the regulatory rules.

On 15 June 2015, Justin's remaining superannuation interest is paid to Edwina, his spouse, as a death benefit income stream from SMSF A. Edwina also has her own accumulation interest with SMSF A.

In some circumstances a failure to comply with a requirement in the taxation laws or the rules and standards under which a superannuation income stream is paid during an income year results in the superannuation income stream ceasing at the commencement of the income year.

Raj retires on 30 June 2019, meeting a relevant condition of release, and notifies the superannuation provider that pays the TRIS of his retirement on 15 July 2019.

Where the superannuation provider cashes a deceased member's superannuation interest to a dependant beneficiary as a death benefit income stream, the compulsory cashing requirement is met as long as the superannuation income stream continues to be paid.

Section 279D of the ITAA 1936 allowed a deduction to a superannuation fund which paid a death benefit to a dependant of the deceased member where the fund increased the benefit to the amount that would have been paid had there been no tax on contributions.

For example, if Joe puts money in superannuation, he pays at most 15 % tax on investment earnings.

They told me that they will be paying extra money regularly into a superannuation account.

In the meantime, my superannuation money could have been used to pay down my mortgage for about a 6 % post-tax risk - free return.